Annual base rent
$1,140,000
$28.50/SF · 40,000 SF
Term
Sep 1, 2019 — Aug 31, 2034
46% elapsed · 8.1 yrs remaining
Tenant
Harbor Point Instruments
140 58th Street, Building B, Brooklyn Army Terminal, Brooklyn, NY 11220
Base instrument + 2 amendments, resolved to current effective terms.
Original Commercial lease
Sep 1, 2019
Base instrument — the executed lease/agreement.
1st Amendment
Jun 1, 2021
expansion of the Premises by approximately 8,000 RSF on the 6th Floor
Value Δ +$176,000
2nd Amendment
CurrentSep 1, 2023
modification of Base Rent under §3 and the escalation index under §4
Value Δ +$260,000
Effective-terms provenance
Landlord
New York City Economic Development Corporation
Tenant
Harbor Point Instruments
Premises area
40,000 SF
Commencement
Sep 1, 2019
Term end
Aug 31, 2034
Base rent (per SF)
$28.50/SF
Base rent (annual)
$1,140,000
Escalation type
Fixed %
Escalation rate
3%
Renewal term (years)
10
Renewal notice date
Aug 31, 2033
GL per occurrence
$3,000,000
GL aggregate
$5,000,000
Additional insured
Required
Roof & structure
Landlord
HVAC filters
Tenant